Zopper

Key Highlights:

  • Insurtech startup Zopper has raised $75 million in a Series C funding round led by Creaegis.
  • With these recent fundings, Zopper plans to increase its technology team size from 75 to close to 200.
  • To date, the startup has raised $96 million.

Insurtech startup Zopper has raised $75 million in a Series C funding round led by Creaegis. The equity funding round also saw participation from ICICI Venture, Bessemer Venture Partners and existing investor Blume Ventures.

As per the company, “Tiger Global, currently invested in the company, will continue to extend its support for future growth.”

The Noida-based startup was founded in 2011 by Surjendu Kuila and Mayank Gupta. The Zopper platform combines a SaaS service, a deep integration layer, and data analytics to enhance insurance distribution. Offering end-to-end technology and service offerings to insurance companies, the company helps B2B and B2C organizations offer insurance products.

With these recent fundings, Zopper plans to increase its technology team size from 75 to close to 200. Moreover, it plans to expand its data engineering team to further bolster its SaaS platform and data analytics capabilities, build a next-generation data engineering team, fuel business development initiatives, undertake inorganic growth and explore opportunities in the international market.

The co-founder and COO, Mayank Gupta said, “As a result of this funding, the company will strengthen its position as an insurtech leader. As a result of its experience, scale, and efficiency, Zopper has an advantage. In addition to product solutions and API-driven SaaS integrations, our distribution channels can also rely on us for sales enablement and claim management.”

The Co-Founder and CEO, Surjendu Kuila, “We have developed the next generation SaaS-enabled distribution platform based on our deep understanding of technology, data, and insurance products. With this platform, Zopper is bringing together partners and insurers and leading a profound transformation in insurance distribution.”

To date, the startup has raised $96 million. By March 2024, the company aims to achieve a GWP of USD 500 million annually.

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